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Co-op Nonprofit icon Nonprofit Recording Co-op Business Plan

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Gamehenge Tapers Co-op

Executive Summary

Gamehenge Tapers Co-op is a not-for-profit organization that was created to serve the Portland tapers community.  The tapers community is a hobby based community that trades live recordings for personal use, never for commercial gain.  The Co-op will provide this community with the equipment needed to further the taping of shows which in effect supports the trading community as well (people who trade these live shows for personal consumption only).  The Co-op sells the recording equipment at wholesale prices + a low overhead percentage.  By offering the members heavily discounted rates, it encourages them to become more active tapers.  Because the organization is a not-for-profit co-op, members are willing to volunteer their time to help the organization allowing it to become successful.  The organization exists to support the trading community.

Membership dues and a small charge for overhead will allow the organization to cover costs associated with doing business and allow it to slowly grow. Gamehenge Tapers Co-op will be increasing their membership roster by at least 20% per year.

Nonprofit recording co-op business plan, executive summary chart image

1.1 Objectives

The objectives for the first three years of operation include:

  • To create a co-op whose #1 goal is to serve its members.
  • To increase the membership base by 20% each year.
  • To provide the Portland traders community with cost + overhead deals on CD-R media, microphones, CD-RWs and DAT recorders.
  • To develop a sustainable co-op.

1.2 Mission

Gamehenge Tapers Co-op’ s mission is to serve the Portland tapers community.  We exist to attract and maintain customers.  When we adhere to this maxim, everything else will fall in to place.  Our services will exceed the expectations of our customers.

Organization Summary

Gamehenge Tapers Co-op is a co-operative organization designed to serve the Portland tapers community.  The tapers community is a hobby based group that records and trades live concerts.  All of the bands that allow live recordings are “live” or “jam” bands who incorporate improvisation into their live performances so each performance is unique.  The group members trade these live performances for personal consumption, enjoying the unique attributes of each individual show.  Commercial use of these shows is strictly prohibited. 

The organization sells a wide range of equipment for tapers.  The equipment is purchased through normal wholesale distribution channels and sold directly to organizational members.  Membership is required for entry to the co-op.  A $40 entry fee and proof of traders status (a list of your show list is usually sufficient) is all that is needed to become a member.  Products must be purchased through the web site and then picked up from the office at certain times throughout the week.  Questions regarding products can be answered via email or phone (typically voicemail with a return phone call).

Gamehenge Tapers Co-op is a 501C not-for-profit co-operative organization.

2.2 Start-up Summary

Gamehenge Tapers Co-op’s start up costs include:

  • Desk, chair and file cabinet.
  • Computer with printer, CD-RW, and internet connection.
  • Legal fees for formation of not-for-profit status including filing fees.
  • Website development.
Nonprofit recording co-op business plan, organization summary chart image

Start-up
Requirements
Start-up Expenses
Legal $200
Website development $200
Rent $200
Other $0
Total Start-up Expenses $600
Start-up Assets
Cash Required $250
Start-up Inventory $0
Other Current Assets $0
Long-term Assets $1,150
Total Assets $1,400
Total Requirements $2,000
Start-up Funding
Start-up Expenses to Fund $600
Start-up Assets to Fund $1,400
Total Funding Required $2,000
Assets
Non-cash Assets from Start-up $1,150
Cash Requirements from Start-up $250
Additional Cash Raised $0
Cash Balance on Starting Date $250
Total Assets $1,400
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Capital
Planned Investment
Philanthropist 1 $1,000
Philanthropist 2 $1,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $2,000
Loss at Start-up (Start-up Expenses) ($600)
Total Capital $1,400
Total Capital and Liabilities $1,400
Total Funding $2,000

Products

Gamehenge Tapers Co-op offers the tapers community the following products:

  • CD-RW (Compact Disc ReWriteable) drives for computers, external units with USB, SCSI or Firewire connections.
  • High quality stereo microphones for audience taping.
  • DAT(digital audio tape) portable recorders.
  • CD-R (Compact Disc Recordable) media.

Market Analysis Summary

Gamehenge Tapers Co-op is a not for profit organization designed to serve the individual members of the co-op.  These members come from the Portland tapers community, a group of people who attend specific live performances and tape them for their personal consumption as well as for personal trading purposes. This is a very active community and intimate community.

Gamehenge Tapers Co-op will grow its membership through word of mouth promotions at the events.  Because it is an intimate community where most people know each other, it will be relatively easy to build up membership.  In addition to word of mouth advertising, Gamehenge Tapers Co-op will also have a web site that provides prospective members about the organization and its goals.

4.1 Market Segmentation

Gamehenge Tapers Co-op will be addressing the tapers community in the Portland area.  The taping community is made up of individuals that legally tape live concerts.  There are a handful of bands that allow taping of their live performances.  Generally, record labels discourage or ban taping of live performances because they believe that it infringes on profits from record sales.  On the contrary however, it tends to promote the band as there is an entire community that trades these shows, attends the concerts, and buys the records after they hear live performances of the band.

From a legal standpoint, the live performances are copyrighted, but the band nonetheless allows the taping.  The vast majority of bands to do not allow taping, it is only a few select bands that allow tapings. These bands are representative by the fact that they are very good live performers, they have a loyal following of people that tour with them and consequently these bands tend to play entirely different set lists each night recognizing the fact that there are people seeing several to many different shows in a row.

The bands that allow recording of live concerts are the remnants of the Grateful Dead (Phil Lesh & Friends, The Other Ones) remnants of Phish (Trey Anastatio and the Giant Country Horns), String Cheese Incident, moe., Blues Traveler, Dave Matthews Band, Medeski Martin & Wood, Tony Furtado, Bela Fleck and the Flecktones, Widespread Panic, Galactic, Government Mule, Greyboy Allstars, Karl Denson and the Tiny Universe, etc.

These bands have a loyal following, a very close knit community. This element lends itself to word of mouth promotion.

Nonprofit recording co-op business plan, market analysis summary chart image

Market Analysis
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Customers Growth CAGR
Tapers 10% 200 220 242 266 293 10.02%
Other 0% 0 0 0 0 0 0.00%
Total 10.02% 200 220 242 266 293 10.02%

4.2 Target Market Segment Strategy

The strategy behind the market segmentation is solely based on word of mouth and web site visibility.  Because the taping community is so close knit, if you end up going to a couple of shows to tape, you will run into a large portion of tapers.  Everyone knows each other, and everyone trades show from their collection. Growing the membership list through word of mouth will be no problem.

Additionally, Gamehenge Tapers Co-op will operate a web site to  which will be used to attract new members.  The site however, will have far more content including ordering which is password protected for members only.

4.3 Service Providers Analysis

The industry of tapers is a relatively unregulated, free formed industry. As long as the bands allow taping (there is a select varied group of bands that encourage taping of their live performances) then the taping community is allowed to do what they want.  In essence it is a self formed group that police themselves.

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4.3.1 Alternatives and Usage Patterns

The competition is regular retail outlets.  These take the form of mail order places, retail outlets, and e-commerce sites.  These competitors might offer a better selection, however, they will rarely compete on price because they are for profit organizations and Gamehenge Tapers Co-op is a not-for-profit.

The buying patterns of tapers are typically price sensitive.  Because the tapers are constantly using their equipment and tons of media, they are generally looking for the best price.

Strategy and Implementation Summary

Gamehenge Tapers Co-op will be aggressively using word of mouth advertising to generate new members.  The cost of this is minimal as the members are already at the concerts taping for their own collection already.

Gamehenge Tapers Co-op will have a web site that will be used to attract new members, however, the members gained from the site will pale in comparison to word of mouth promotion.

5.1 Competitive Edge

Gamehenge Tapers Co-op competitive edge is its co-operative business structure.  The organization is not-for-profit so all revenue gets funneled back into the organization.  The organization is set up to solely benefit the members.  The members benefit by being able to purchase equipment at drastically reduced prices compared to retail.

5.2 Fundraising Strategy

The sales strategy will be simply to increase membership.  Increasing membership increases buying power, reducing wholesale and overhead costs, benefiting members.

5.2.1 Funding Forecast

The first month will be used to set up the office and web site.  The office will be in a small space with low rental costs.  The web site will be designed to provide general information to the public and detailed product information regarding the products offered.  Members will only be able to purchase products via the web site and picked up from the office at certain times.

Month two will see an increase in sales and membership. The following months will see both membership as well as sales activity.

Nonprofit recording co-op business plan, strategy and implementation summary chart image

Funding Forecast
Year 1 Year 2 Year 3
Funding
Tapers $37,294 $41,545 $42,154
Memebership income $3,800 $0 $0
Total Funding $41,094 $41,545 $42,154
Direct Cost of Funding Year 1 Year 2 Year 3
Tapers $33,565 $37,391 $37,939
Memebership income $0 $0 $0
Subtotal Cost of Funding $33,565 $37,391 $37,939

5.3 Milestones

Gamehenge Tapers Co-op will have several milestones early on:

  • Business plan completion.  This will be done as a roadmap for the organization.  While we do not need a business plan to raise capital, it will be an indispensable tool for the ongoing performance and improvement of the company.
  • Office set up.
  • The 100th member signed up.

Management Summary

Gamehenge Tapers Co-op was founded and led by Al Truistic.  Al graduated from the University of Vermont with a degree in business.  After college, Al spent the next five months on the road following the band Phish.  This was his first introduction to the taping scene.  After coming back home to Portland, Al got his MBA from the University of Portland.  

Al then entered the business world with a job at VersionTracker, an internet start up that provided software updates for Mac OS.  His love for taping never disappeared and continued to tape at all of the live bands that passed through Portland.  After numerous discussions with a lot of the Portland taping community, Al concluded that there was demand for a tapers co-op so he began investing his free time to pursue this goal.
 

6.1 Personnel Plan

Al will be working part time for Gamehenge Tapers Co-op.  He will perform purchasing, order fulfillment and general management of the organization.  His wife Sarah will help out with membership and the financials.  These two positions are unpaid, volunteer positions. 

Web maintenance will be done by one of the members at a below market rates.

It is Al’s and Sarah’s plan that once they get things up off the ground and the co-op becomes much more active they will recruit more members to volunteer their time to take care of the necessary details.

Financial Plan

The following sections will outline the important financial assumptions, key financial indicators, Break-even Analysis, profit and loss, cash flow, and balance sheet.

7.1 Important Assumptions

The following table highlights some of the important financial assumptions for Gamehenge Tapers Co-op.

General Assumptions
Year 1 Year 2 Year 3
Plan Month 1 2 3
Current Interest Rate 10.00% 10.00% 10.00%
Long-term Interest Rate 10.00% 10.00% 10.00%
Tax Rate 2.50% 0.00% 2.50%
Other 0 0 0

7.2 Break-even Analysis

The Break-even Analysis shows what we need in monthly revenue to break even.

Nonprofit recording co-op business plan, financial plan chart image

Break-even Analysis
Monthly Revenue Break-even $1,741
Assumptions:
Average Percent Variable Cost 82%
Estimated Monthly Fixed Cost $319

7.3 Projected Surplus or Deficit

THe following table will indicate projected surplus or deficit.

Surplus and Deficit
Year 1 Year 2 Year 3
Funding $41,094 $41,545 $42,154
Direct Cost $33,565 $37,391 $37,939
Other $0 $0 $0
Total Direct Cost $33,565 $37,391 $37,939
Gross Surplus $7,529 $4,155 $4,215
Gross Surplus % 18.32% 10.00% 10.00%
Expenses
Payroll $0 $0 $0
Sales and Marketing and Other Expenses $600 $600 $600
Depreciation $228 $228 $228
Leased Equipment $0 $0 $0
Utilities $0 $0 $0
Insurance $600 $600 $600
Rent $2,400 $2,400 $2,400
Payroll Taxes $0 $0 $0
Other $0 $0 $0
Total Operating Expenses $3,828 $3,828 $3,828
Surplus Before Interest and Taxes $3,701 $327 $387
EBITDA $3,929 $555 $615
Interest Expense $0 $0 $0
Taxes Incurred ($48) $0 $10
Net Surplus $3,749 $327 $378
Net Surplus/Funding 9.12% 0.79% 0.90%

7.4 Projected Cash Flow

The following chart and table will indicate projected cash flow.

Nonprofit recording co-op business plan, financial plan chart image

Pro Forma Cash Flow
Year 1 Year 2 Year 3
Cash Received
Cash from Operations
Cash Funding $41,094 $41,545 $42,154
Subtotal Cash from Operations $41,094 $41,545 $42,154
Additional Cash Received
Sales Tax, VAT, HST/GST Received $0 $0 $0
New Current Borrowing $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0
New Long-term Liabilities $0 $0 $0
Sales of Other Current Assets $0 $0 $0
Sales of Long-term Assets $0 $0 $0
New Investment Received $0 $0 $0
Subtotal Cash Received $41,094 $41,545 $42,154
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations
Cash Spending $0 $0 $0
Bill Payments $36,615 $42,634 $41,602
Subtotal Spent on Operations $36,615 $42,634 $41,602
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0
Purchase Other Current Assets $0 $0 $0
Purchase Long-term Assets $0 $0 $0
Dividends $0 $0 $0
Subtotal Cash Spent $36,615 $42,634 $41,602
Net Cash Flow $4,479 ($1,089) $552
Cash Balance $4,729 $3,641 $4,193

7.5 Projected Balance Sheet

The following table will indicate the projected balance sheet.

Pro Forma Balance Sheet
Year 1 Year 2 Year 3
Assets
Current Assets
Cash $4,729 $3,641 $4,193
Inventory $4,083 $4,548 $4,615
Other Current Assets $0 $0 $0
Total Current Assets $8,812 $8,189 $8,808
Long-term Assets
Long-term Assets $1,150 $1,150 $1,150
Accumulated Depreciation $228 $456 $684
Total Long-term Assets $922 $694 $466
Total Assets $9,734 $8,883 $9,274
Liabilities and Capital Year 1 Year 2 Year 3
Current Liabilities
Accounts Payable $4,585 $3,407 $3,420
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $4,585 $3,407 $3,420
Long-term Liabilities $0 $0 $0
Total Liabilities $4,585 $3,407 $3,420
Paid-in Capital $2,000 $2,000 $2,000
Accumulated Surplus/Deficit ($600) $3,149 $3,476
Surplus/Deficit $3,749 $327 $378
Total Capital $5,149 $5,476 $5,853
Total Liabilities and Capital $9,734 $8,883 $9,274
Net Worth $5,149 $5,476 $5,853

Appendix

Funding Forecast
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Funding
Tapers 0% $0 $1,545 $2,587 $3,654 $3,878 $4,578 $3,254 $4,578 $2,587 $3,124 $3,385 $4,124
Memebership income 0% $160 $360 $400 $480 $400 $320 $280 $200 $360 $280 $200 $360
Total Funding $160 $1,905 $2,987 $4,134 $4,278 $4,898 $3,534 $4,778 $2,947 $3,404 $3,585 $4,484
Direct Cost of Funding Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Tapers $0 $1,391 $2,328 $3,289 $3,490 $4,120 $2,929 $4,120 $2,328 $2,812 $3,047 $3,712
Memebership income $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cost of Funding $0 $1,391 $2,328 $3,289 $3,490 $4,120 $2,929 $4,120 $2,328 $2,812 $3,047 $3,712
General Assumptions
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Plan Month 1 2 3 4 5 6 7 8 9 10 11 12
Current Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Long-term Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Tax Rate 30.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other 0 0 0 0 0 0 0 0 0 0 0 0

Surplus and Deficit
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Funding $160 $1,905 $2,987 $4,134 $4,278 $4,898 $3,534 $4,778 $2,947 $3,404 $3,585 $4,484
Direct Cost $0 $1,391 $2,328 $3,289 $3,490 $4,120 $2,929 $4,120 $2,328 $2,812 $3,047 $3,712
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Direct Cost $0 $1,391 $2,328 $3,289 $3,490 $4,120 $2,929 $4,120 $2,328 $2,812 $3,047 $3,712
Gross Surplus $160 $515 $659 $845 $788 $778 $605 $658 $619 $592 $539 $772
Gross Surplus % 100.00% 27.01% 22.05% 20.45% 18.42% 15.88% 17.13% 13.77% 20.99% 17.40% 15.02% 17.23%
Expenses
Payroll $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales and Marketing and Other Expenses $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50
Depreciation $19 $19 $19 $19 $19 $19 $19 $19 $19 $19 $19 $19
Leased Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Utilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Insurance $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50
Rent $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Payroll Taxes 15% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $319 $319 $319 $319 $319 $319 $319 $319 $319 $319 $319 $319
Surplus Before Interest and Taxes ($159) $196 $340 $526 $469 $459 $286 $339 $300 $273 $220 $453
EBITDA ($140) $215 $359 $545 $488 $478 $305 $358 $319 $292 $239 $472
Interest Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxes Incurred ($48) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Net Surplus ($111) $196 $340 $526 $469 $459 $286 $339 $300 $273 $220 $453
Net Surplus/Funding -69.56% 10.26% 11.37% 12.73% 10.96% 9.37% 8.10% 7.09% 10.17% 8.03% 6.12% 10.11%

Pro Forma Cash Flow
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Cash Received
Cash from Operations
Cash Funding $160 $1,905 $2,987 $4,134 $4,278 $4,898 $3,534 $4,778 $2,947 $3,404 $3,585 $4,484
Subtotal Cash from Operations $160 $1,905 $2,987 $4,134 $4,278 $4,898 $3,534 $4,778 $2,947 $3,404 $3,585 $4,484
Additional Cash Received
Sales Tax, VAT, HST/GST Received 0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Investment Received $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Received $160 $1,905 $2,987 $4,134 $4,278 $4,898 $3,534 $4,778 $2,947 $3,404 $3,585 $4,484
Expenditures Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Expenditures from Operations
Cash Spending $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Bill Payments $8 $351 $3,235 $3,693 $4,624 $4,049 $5,007 $2,045 $5,583 $1,357 $3,021 $3,643
Subtotal Spent on Operations $8 $351 $3,235 $3,693 $4,624 $4,049 $5,007 $2,045 $5,583 $1,357 $3,021 $3,643
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Spent $8 $351 $3,235 $3,693 $4,624 $4,049 $5,007 $2,045 $5,583 $1,357 $3,021 $3,643
Net Cash Flow $152 $1,554 ($248) $441 ($346) $849 ($1,473) $2,733 ($2,636) $2,047 $564 $841
Cash Balance $402 $1,955 $1,708 $2,149 $1,803 $2,652 $1,180 $3,913 $1,277 $3,324 $3,888 $4,729

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Pro Forma Balance Sheet
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Assets Starting Balances
Current Assets
Cash $250 $402 $1,955 $1,708 $2,149 $1,803 $2,652 $1,180 $3,913 $1,277 $3,324 $3,888 $4,729
Inventory $0 $0 $1,530 $2,561 $3,617 $3,839 $4,532 $3,221 $4,532 $3,204 $3,093 $3,351 $4,083
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $250 $402 $3,485 $4,269 $5,766 $5,642 $7,185 $4,401 $8,445 $4,480 $6,417 $7,239 $8,812
Long-term Assets
Long-term Assets $1,150 $1,150 $1,150 $1,150 $1,150 $1,150 $1,150 $1,150 $1,150 $1,150 $1,150 $1,150 $1,150
Accumulated Depreciation $0 $19 $38 $57 $76 $95 $114 $133 $152 $171 $190 $209 $228
Total Long-term Assets $1,150 $1,131 $1,112 $1,093 $1,074 $1,055 $1,036 $1,017 $998 $979 $960 $941 $922
Total Assets $1,400 $1,533 $4,597 $5,362 $6,840 $6,697 $8,221 $5,418 $9,443 $5,459 $7,377 $8,180 $9,734
Liabilities and Capital Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Current Liabilities
Accounts Payable $0 $244 $3,113 $3,538 $4,490 $3,878 $4,943 $1,854 $5,540 $1,257 $2,900 $3,485 $4,585
Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Current Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Current Liabilities $0 $244 $3,113 $3,538 $4,490 $3,878 $4,943 $1,854 $5,540 $1,257 $2,900 $3,485 $4,585
Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities $0 $244 $3,113 $3,538 $4,490 $3,878 $4,943 $1,854 $5,540 $1,257 $2,900 $3,485 $4,585
Paid-in Capital $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Accumulated Surplus/Deficit ($600) ($600) ($600) ($600) ($600) ($600) ($600) ($600) ($600) ($600) ($600) ($600) ($600)
Surplus/Deficit $0 ($111) $84 $424 $950 $1,419 $1,878 $2,164 $2,503 $2,803 $3,076 $3,296 $3,749
Total Capital $1,400 $1,289 $1,484 $1,824 $2,350 $2,819 $3,278 $3,564 $3,903 $4,203 $4,476 $4,696 $5,149
Total Liabilities and Capital $1,400 $1,533 $4,597 $5,362 $6,840 $6,697 $8,221 $5,418 $9,443 $5,459 $7,377 $8,180 $9,734
Net Worth $1,400 $1,289 $1,484 $1,824 $2,350 $2,819 $3,278 $3,564 $3,903 $4,203 $4,476 $4,696 $5,149